Capacity Expansion
Capacity expansion planning aims to optimize the allocation of resources to meet future demands under uncertainty, minimizing costs while ensuring sufficient capacity. Recent research focuses on improving the efficiency and robustness of existing optimization models, employing techniques like Bayesian optimization, adversarial generative learning, and graph convolutional autoencoders to handle high-dimensional uncertainty and large-scale problems. These advancements are particularly relevant for sectors like energy and healthcare, enabling more cost-effective decarbonization strategies and improved resource allocation in medical residency programs, for example. The ultimate goal is to develop more tractable and accurate models that lead to better decision-making in complex systems.